https://techmonitor.ai/policy/digital-economy/xerox-reinvention-layoffs

Xerox has announced it will reduce its workforce by 15% as part of an ongoing restructuring effort. In a statement published yesterday, the printing firm explained that this “reinvention” would focus on stabilising its core print business while boosting productivity through the formation of a new global business services section and the diversification of revenue streams. The planned layoffs will impact over 3,000 staff at Xerox and are expected to commence in the first quarter of this year. 

“The shift to a business unit operating model is a continuation of our client-focused, balanced execution priorities and is designed to accelerate product and services, go-to-market, and corporate functions’ operating efficiencies across all geographies we serve,” said Xerox CEO Steven Bandrowczak.